Monday, Nov 24, 2014Monday, Nov 24, 2014
Business
 

Singapore's Stats ChipPac shares jump to near 3.5-year high

Published on Aug 29, 2014 4:33 PM
 
Employees at the production line at Stats ChipPac, a mainboard-listed semiconductor chip packaging and testing firm. Shares in Singapore's Stats ChipPac jumped as much as 17 per cent to $0.775 on Friday, the highest since March 2011, on course for their biggest weekly rally in nearly three months. -- PHOTO: ST FILE

SINGAPORE (Reuters) - Shares in Singapore's Stats ChipPac jumped as much as 17 per cent to $0.775 on Friday, the highest since March 2011, on course for their biggest weekly rally in nearly three months.

Two Chinese firms are among companies which have approached Stats ChipPac about acquiring it, the provider of technology services said on Thursday.

The company's share price has risen nearly 24 per cent so far this week.

Videos